Vietnam – attractive country for new business expansion

US companies find Vietnam the second most attractive country, after
Indonesia , for new business expansion in the Association of Southeast
Asian Nations (ASEAN).

The finding was part of new
survey results released on August 20 by the American Chamber of
Commerce in Singapore (AmCham Singapore ) and the US Chamber of
Commerce.

In a poll of 475 senior
executives from US companies operating in the 10 ASEAN countries, 43
percent of all respondents said they have plans for business expansion
in Vietnam as compared with 49 percent for Indonesia .

Of the 69 respondents in Vietnam , 61 percent expect their
workforce to increase in the country in the remaining months of 2013 and
in 2014 as 62 percent expect profits to increase in 2013 and 85
percent, in 2014.